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Peron’s first term

by on November 14, 2011

Part 2

During the first two years of his presidency, Peron was able to set up dramatic changes that would allow him to carry out his goal for the new Argentina.  He was able to pay off the “billion-dollar” dept they had with the Bank of England (Wiki); and followed that with the nationalization of banks and the expropriation of the British Railways, who were “bought” for 150 million pesos.  He also bought out the American Telephone Company for $100 million and nationalized airlines and shipping.

Thanks to the efforts of his beloved wife, Evita, women were granted the right to vote in 1947.  Women were finally subject to the same civil obligations as men and were now a part of documented society. (Todo Argentina)  This law allowed 3,816,564 women to vote for the first time in the following elections of 1951, which Peron would greatly benefit from.

In 1949, he replaces the 1853 constitution and gave federal government control over the national economy and financial structure.  (Class Reading)  The new constitution promoted reform that gave rights to laborers, family and the elderly, and the accumulation of national capital for economic development. (Todo Argentina)  It also nationalized all energy sources, from minerals to waterfalls; as well as public services.  On a political sense, the constitution allowed re-election.

When it came to foreign policy, Peron declared the “Tercera Posision,” the third way, in 1949 to maintain a neutral standing in the Cold War.  This allowed him to maintain a relationship with both the United States and the Soviet Union without having to choose between socialism and democracy.  Simultaneous to this, the U.S. fourth their Marshall Plan to rescue Europe.  Argentina, saw in this opportunity to expand its markets, but was ultimately excluded from the plan.

Parallel to his work, the first lady worked extensively to develop changes in both social and political realms.  In the political aspect, she led the feminist movement and once granted the right to vote, founded the National Assembly for the Peronist Feminine Movement.  On the social spectrum, she created hospitals, elderly homes, homes for single mothers, and schools.

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